Heirs Energies CEO Requested African Energy Investment
Osayande Igiehon highlighted the critical energy gap facing Africa during the Gastech 2026 conference.
Updated on Sept. 21, 2026 in Oil and Gas
Live Poll
Should developing nations prioritize immediate expansion of fossil fuel production to close energy gaps?
Heirs Energies CEO Osayande Igiehon called for significant investment to bridge Africa's energy deficit during the Gastech 2026 event in Bangkok. The appeal addressed the nearly 600 million Africans currently lacking reliable access to electricity.
Why it matters
African businesses are forced to divert essential capital into backup power solutions rather than production, limiting economic growth. Igiehon stressed that credible offtake arrangements and stable policies are required to attract the necessary capital.
Heirs Energies increased gas production at OML 17 from 50 million to 135 million standard cubic feet per day, supporting five power plants. Over 50,000 professionals from 150 countries attended the conference where these metrics were presented.
The players
Osayande Igiehon
He is the CEO of Heirs Energies, an African-focused energy company engaged in gas production.
Heirs Energies
This is an energy company operating in Africa, notably managing gas production at OML 17.
The details
Igiehon advocated for a strategy that optimizes brownfield capacity while developing connected infrastructure to integrate gas, renewables, and electricity grids. This approach aims to rectify systemic inefficiencies that currently hinder industrial development across the region.
Timeline
September 2026 saw the Gastech 2026 conference take place in Bangkok, Thailand.
Market Landscape
This call for investment follows the established pattern set by the Gastech conference series in providing a global platform for emerging market energy leaders to solicit international capital. It underscores the ongoing competition for resources to modernize power grids in developing nations.
Increased energy investment in Africa could stabilize local utility costs and reduce the high operational overhead for businesses relying on expensive backup power. Consumers may eventually see improved reliability in electricity service if proposed infrastructure projects materialize.
The takeaway
The transformation of African energy infrastructure depends on shifting capital toward integrated grid development rather than fragmented backup solutions. Stable regional policy remains the primary catalyst for unlocking large-scale international interest.
Further reading
For broader context on energy developments, visit the Oil and Gas section.
Live Poll
Should developing nations prioritize immediate expansion of fossil fuel production to close energy gaps?
